XPeng Motors Sees Q1 2023 Revenue Plummet 45.9%, CEO He Xiaopeng Predicts G6 Model will be a Hit

XPeng Motors has introduced its monetary outcomes for the primary quarter of 2023, which reveal a vital drop in income of 45.9% to roughly $572 million, decrease than the estimated $598 million. The web loss for the corporate stood at roughly $333 million, exceeding the market’s anticipated web lack of $269 million. The loss per share after adjustment was $0.18.

In Q1 2023, the entire deliveries for XPeng Motors was 18,230 automobiles, marking a 17.9% lower from the 22,204 automobiles delivered in This autumn 2022. As of April 30, 2023, the corporate’s whole deliveries for the yr amounted to 25,309 automobiles.

The firm’s bodily gross sales community had expanded to 425 shops protecting 145 cities as of March 31, 2023. Additionally, XPeng Motors’ self-operated charging station community reached 1,016 stations, together with 816 supercharging stations and 200 vacation spot charging stations.

The gross sales income for XPeng Motors within the first quarter of 2023 was roughly $498 million, representing a decline of 49.8% from the identical interval in 2022 and a 24.6% lower from This autumn 2022.

SEE ALSO: First XPENG Car with License Plate Goes to Chairman He Xiaopeng

Despite the downturn, XPeng’s Chairman and CEO, He Xiaopeng, stays assured. He acknowledged, “In the first quarter of 2023, I made decisive adjustments to the company’s strategy, organization, and management team. I am confident that in the following quarters we will create a positive cycle of product sales, team morale, customer satisfaction, and brand reputation.” He additionally introduced that their new mannequin G6, which is predicated on the SEPA2.0 expertise structure, is ready to be launched in June 2023. He believes that the G6, priced between roughly $28,433 to $42,650 (initially CNY 200,000 to CNY 300,000), will be one of the vital anticipated bestsellers in China’s new power SUV market.

The G6 is the primary mannequin constructed on the Fuyao structure. It is positioned as a pure electrical mid-size SUV and gives each two-wheel and four-wheel drive choices. With the help of an 800V + silicon carbide platform, the G6 boasts a very quick charging velocity and low power consumption. Furthermore, the brand new automobile is supplied with twin laser radar, the second-generation XNGP, and a high-level clever voice system.

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